Why Penn National Gaming's Stock Is Trading Lower Today

Penn National Gaming, Inc. PENN shares are trading lower after the company announced a common stock offering of 14 million shares. Macquarie also downgraded the company's stock from Outperform to Neutral.

Penn National Gaming is the operator of gaming and racing properties and video gaming terminal ("VGT") operations in the U.S.

Penn's stock was trading down 4.78% at $65.70 per share on Thursday at the time of publication. The company has a 52-week high of $76.62 and a 52-week low of $3.75.

Related Links:

Barstool Sportsbook Optimism Powers Penn National To 52-Week High

BofA: Key Takeaways From DraftKings, Penn National, Hilton At Gaming And Lodging Conference